Prepare the financial statements for the month of december

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Question - The records of Roadmaster Auto Rentals show the following information as of December 31:

Accounts payable $36,000 Wages expense $75,000

Insurance expense $2,000 Advertising expense $22,000

Accounts receivable $24,000 Cash balance $11,000

R Fletcher, Capital, January 1 $150,000

Office Furniture $15,000

Vehicles $210,000 Maintenance expense $39,000

Notes payable $47,000 Revenues $217,000

The owner, Rob Fletcher withdrew $52,000 during the year for personal expenses.

Using the above information, prepare the following Financial Statements for the month of December. Make sure you use the proper Statement template and heading:

a) Income statement

b) Statement of Retained Earnings, and

c) Balance sheet.

Reference no: EM133097365

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